Types of Plans: Profit Sharing, 401(k), Money Purchase, ESOP

Flexible Contributions

Benefit at retirement is a result of investment performance

Contribution is defined - each year can be 0% to 25% of eligible payroll

Maximum individual contribution in 2009 is $49,000 annually (plus $5,500 catch-up contribution)

Types of Plans: Traditional Defined Benefit, Cash Balance Plan, 412i Plan

Required Contributions

Contribution based on plan benefit at retirement age

Large deductible contributions in excess of Defined Contribution limits

Contribution up to $200,000+ annually, dependent on age.